Satrix is launching a brand new ETF that will track the STOXX Global Breakthrough Healthcare index and they've decided to make it available to you early, as part of an Initial Public Offering (IPO). This means you could be the first in line to get your hands on this ETF when it is listed on the JSE on the Thursday 26th May.
This will bring Satrix's ETF offering up to 25 ETFs when it lists, the most by one provider listed on the JSE. view them all HERE.
The STOXX Global Breakthrough Healthcare index is comprised of companies from selected countries that are exposed to a defined theme, namely Healthcare Innovation. The Index is composed of developed and emerging market companies and invests in companies involved in researching, developing, and manufacturing new drugs, medical devices and/or services for the healthcare industry. In addition, the index excludes companies which do not meet minimum ESG requirements.
If this is something that interests you. You need to make sure you stake your claim in the Satrix Healthcare Innovation Feeder ETF IPO before the closing date 23h59 Monday, 16 May 2022.
For each rand you invest, you will receive 1 Letter of Allotment (LA) which will be credited to your EasyEquities account on Thursday, 19 May 2022. Think of the LA as a record of the amount that you are willing to invest, until the conversion is announced and the actual shares in ETF/s are credited to your account.
On Thursday, 26 May 2022, the official listing date for the Satrix Healthcare Innovation Feeder ETF, those LA’s will be removed from your EasyEquities account and your account will be credited with the new shares accordingly.
This offer is available in your EasyEquities and EasyEquities TFSA account and to make the deal even sweeter there no brokerage fees on IPO's? Yep. How cool is that?
To participate in this offer:
Login to your EasyEquities account, select the EasyEquities ZAR/TFSA account. Go over to the "New Listings" section in the stacked menu on the left of the EasyEquities logo or just click on the image below:
If you want to find out more about Satrix ETFs check them out HERE on our EasyETFs site.
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